trending Market Intelligence /marketintelligence/en/news-insights/trending/ZgdF0jlOi5KsIt2LrIiSlQ2 content esgSubNav
In This List

Forward Industries swings to loss in fiscal Q1

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


Forward Industries swings to loss in fiscal Q1

Forward Industries Inc. said its normalized net income for the fiscal first quarter ended Dec. 31, 2014, was a loss of 12 cents per share, compared with 3 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of $994,220, compared with income of $267,290 in the year-earlier period.

The normalized profit margin dropped to negative 12.5% from 3.2% in the year-earlier period.

Total revenue declined 5.6% year over year to $7.9 million from $8.4 million, and total operating expenses grew 18.5% from the prior-year period to $9.5 million from $8.0 million.

Reported net income came to a loss of $2.1 million, or a loss of 26 cents per share, compared to income of $326,840, or 4 cents per share, in the prior-year period.